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Gold Awaits Consolidation Above 20-Day SMA

Discussion in 'Technical Analysis' started by Kaitlin, Apr 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Following Thursday's spike in gold prices, this precious metal is now finally awaiting a consolidation above a busy cluster of resistances placed between 1,224 and 1,231. The upper band of it is the 20-day SMA, and exactly a closure above this line would considerably improve the bullion's future forecast. To[​IMG]

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